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Going into Q1/12 earnings Canaccord Genuity energy analyst John Gerdes released his top energy and petroleum names. Mr. Gerdes said:

“Over a 12-month investment horizon, we believe E&P shares offer ~40% potential upside relative to current market levels. We continue to favor companies that have or are transitioning toward oil development given our expectation of robust oil though weak natural gas market fundamentals over this year.”